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What is the positive and normative analysis in economics? |
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Answer
A positive statement is a statement about what is and that contains no indication of approval or disapproval. Notice that a positive statement can be wrong. "The moon is made of green cheese" is incorrect, but it is a positive statement because it is a statement about what exists.
First answer by ID1950858321. Last edit by ID1950858321. Question popularity: 18 [recommend question]





